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Commodities snapshot (energy)

Aug 17, 2015 15:53 pm UTC| Insights & Views

Energy pack is mixed today. Weekly performance at a glance in chart table. Oil (WTI): WTI is the best performer today, after price jumped back sharply on Friday. Todays range $41.6-42.7 WTI reached all of our...

Empire manufacturing drops sharply, still no need for panic

Aug 17, 2015 14:47 pm UTC| Insights & Views

Empire state manufacturing survey dropped sharply in August to -14.92, lowest since 2008/09 crisis. While economists were expecting improvement to 5 from prior 3.86, the data was massive disappointment. The concern is...

PBoC’s buying provides confidence to gold bugs

Aug 17, 2015 14:21 pm UTC| Insights & Views Central Banks

Gold bugs have started the week on happier note today, as report released by Peoples Bank of China (PBoC) showed that it has been active buyer in the gold market. Why China reporting gold reserve: In a bid to win...

Greek government faces confidence vote

Aug 17, 2015 13:43 pm UTC| Insights & Views

Last week on Friday, Greek government was able to pass the third bail-out program of 86 billion but not without heavy damage. 222 members of the parliament, voted in favor of the deal, while 64 voted against it and 11...

Bail in clause hit Greek banks today

Aug 17, 2015 13:24 pm UTC| Insights & Views

Euro zone finance ministers on Friday have agreed to new three year bail-out program under which Greek government will receive an assistance of 86 billion over the years of the program. However, the news has not been good...

FxWirePro: USD/CAD sustains trendline support – bull run to resume again, prefer BPS for swing trading for 15-20 pips target

Aug 17, 2015 13:12 pm UTC| Insights & Views

Observe price behavior of USDCAD as it has been showing demand and supply equation exactly at trendline supports and resistance lines with technical indicators to substantiate.For instance, the pair experienced supports...

CFTC COT report review

Aug 17, 2015 12:44 pm UTC| Insights & Views

CFTC commitment of traders report was released on Friday (14th August) and cover positions up to Tuesday (11th August). COT report is not a complete presenter of entire market positions, since future market is relatively...

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Economy

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...
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